The clarion. [volume] (Jackson, Miss.) 1883-1888, 1887-03-30
OF INCORPORATION =
Or THE
Jackson Land improvement
Company.

1. j. B. Harris, L. Br4me, w. ". Stone, vii.
liam Short T. A Melville, > F. Nirden, Pau
w l. Hemingway, P. W. Peoples, }. ii. Odeneal
h r. Ware F. A Wolfe, and such other persons a
they may hereafter associate with them are hereb,
madeta body corporate under the name OF the Jack
| son Land and improvement Company. BY tina
| name said corporation may sue and be sued, nal
contract may have seal and alter the same al pleas
ure and may make such rules and bylaws, moi
| inconsistent with law, as may be deemed proper
and the corporate existence shall De perpetual nj
domicile of the corporation shall be jackson, Mis-
| sissippi Int it may have places OF business else
where in this state or out OF 1t.
/ thirty-seven thousand i've hundred dollars, to bt
| divided into shares OF one hundred dollars each
The certificates of shares of stock shall be issued
on the vote OF the board OF directors, and when
| issued shall be signed by the President, Vice
President and the Secretary, and shall be transfer
able in writing on the books OF the company the
board Of directors may require. The capital stock
/ OF the company may be increased from time tc
time TO any amount on the recommendation Of the
board of directors, approved by two-thirds vote
| 3, The oficers of said corporation shall be q
preside MT vIce-presdent, secretary treasurer and
hve directors; and the president, ylce-presden mt
secretary treasurer and five directors shall
stitute tine board OF directors, majority OF whom
shall constitute a quorum The board OF dlrec-
tors shall conduct and direct all the business affairs
OF the corporation, and shall have power 10 APP
point any other officers or agents that the business
| of the company may require Inc presiding ON
Ger in the meetings OF the board OF directors
shall be the president ia his absence the vice
president, anu in the absence OF both, the board
| may choose one oil the directors TO preside The
presiding officer shall not be entitled 10 vote ex-
cept in case OF tie All vacancies shall be filed,
| a. the board OF directors may provide. The fol-
lowing persons are hereby designated as the officers
OF the c,Jrporation: j. b. Harris, president; NJ >.
Craft vice. sdent; J.. Brame, secTetaryi b. W.
Griffith, treasurer; /. A. New lille, William Snort
j. H. O1eueal Z. w. Peoples, and ii. T. Ware,
directors such persons shall hold office until the
first election officers by the shareholders, the first
Monday in October 1887, AMI until their successors
] ..fs.a a Il Lena t1aI
l. Immediately on the approval OF this charter the
secretary may open books for the purpose reeeiv
ing subscriptions to the capital stock ot the eompa
ny; and when much as twenty thousand dollars
shall have been subscribed, the corporation may
proceed in the exercise OF ITS powers. said COM
pany shall have power 10 acquire and own lands or
personal property to any amount anywhere in the
state OF mississippi or elsewherei TO use, lease,
grant, sell convey the same Tor cash or on credit
10 exchange the same for other property; mort
gage or otherwise cucumber any OF its property !;
TO borrow money; issue bonds; negotiate loans; to
build and operate street railway or railways,
manufacturing and mining establishments OF all
kinds; gas works, electric light works and water
works in near the City OF Jaeksoni 10 build
hotels storehouses warehouses, dwellings, or other
houses aud to lease, occupy use the same; and
10 do all such other things corporations OF tins
character are empowered To do under tue general
laws of this State,
s. After The first election, the first Monday in
October 1857 officers shall be rejected annually by
the stockholders. The meeting Ter that purpose
shall be in the city of jackson, and at least two
weeks notice OF each meeting shall be given by the
president secretary by publication in some news
paper in jackson; put no such regular meeting
shall be made illegal by a failure TO give the no.
tice. All such elections shall be by ballot and each
stakeholder shall Oe entitled TO one vote, IN person
or by written proxy for each share OF stock held by
such person. Ali officers shaI hold ofhee untll
their successors chosen and qualihed. Alter
the company is organized the failure 10 give nouce
hold elections and select officers provided, shall
not work dissolution OF the corporation or lof-
fixture.
6. The meetings of the board of directors shall
ka eRn., 9fgatr. -
other convenient place; and such meetings may be
at any time call of the president viee-presi
dent or OF secretary, or any two OF the directors
The time Tor the regular annual meeting of the board
of directors shall be just the eetlng of stock
holders held for the election of officers; but this
meeting shall not be absolutely essential. 1t shall
not be necessary for the minutes of the board at
any meeting to show formal call, but the pro-
ceedings shall be deemed regular in all respects If
a quorum is present and the minutes are signed by
the presiding officer.
Z. Deeds conveying any of the property of the
company shall only be made Dy order OF the board
of directors, and shall be signed by the president
or viee-prcsident, and the secretary, who shall
attach thereto the seal of the corporation and the
president, or vice-presdent, the may be,
shall acknowle such deeds in due form according
to The general laws. This being done, such deeds
shall be efeetua for all purposes. and it shall not
be necessary TO show by other evidence the sane
ton OF the board OF directors.
8. The shareholders at any meeting may may
provide by resolution what compensation Is to be
paid the officers agents OF the company; and the
BOARD of directors shall require of the treasurer or
of any other officer, such official bond with good
security, from time to time, as may be deemea
advisable full and complete record shall be kept
of the proceedings OF the board OF directors ana me
proceedings had at the meetings OF the stockhod-
ers.
3. The board of directors shall provide for the
payment of such calls by shareholders on unpaid
stock from time to time as may be deemed proper,
and payment shall be made by the stockholders
accordingly. The board may direct what notice. II
any, shall be given OF such calls; and the company
shall have lien all shares OF members Tor calls
other debts they may owe the corporation. In
event shall shareholders tie liable for any OF the
debts obligations of the company in excess oil the
amount OF unpaid subscriptions to their capital
stock
10. On the first Monday of April and October IN
each year the board OF directors shall make tull
specific report of the condition of the affairs OF
the company and the books of the company shall
at all times be ssbject to the inspection OF any
stcckhold
IL If the board Of directors shall order, or on
the written request of three more stockholders,
at any time, the president shall call special meet
ing OF the shareholders of the eorporation OF which
at least five days written notice shall be given the
stoekholders by the secretary.
mar30, 'S7.3w.